Foreign aid to the People's Republic of China takes the form of both bilateral and multilateral official development assistance and official aid to individual recipients.
In 1978, China and Japan had normalized the diplomatic relations. Deng Xiaoping had been to Japan to sign the treaty & seen the development of Japan. As a result, China had decided to borrow 220 million dollars in soft loan from Japan when the amount of foreign currency preparation was 167 million dollars & poured the money into social infrastructures.
In 2001 it received US$1.4 billion in such disbursements, or about US$1.10 per capita. This total was down from the 1999 figures of US$2.4 billion and US$1.90 per capita. In 2003 China received US$1.3 billion in such disbursements, or about US$1 per capita. Like other countries in recent years, the United States has rapidly lowered foreign aid to China, reaching about $12 million dollars from USAID for 2011. The aid goes to Tibetan communities, rule of law initiatives, and climate change policy. In 2011, the $3.95 designated for climate change was the subject of a critical Congressional panel hearing titled Feeding the Dragon: Reevaluating U.S. Development Assistance to China.
Some of this aid comes to the People's Republic of China (PRC) in the form of socioeconomic development assistance through the United Nations (UN) system. The PRC received US$112 million in such UN assistance annually in 2001 and 2002, the largest portion coming from the UN Development Programme (UNDP).
Famous quotes containing the words foreign, aid, people, republic and/or china:
“Insurrection—by means of guerrilla bands—is the true method of warfare for all nations desirous of emancipating themselves from a foreign yoke ... It is invincible, indestructible.”
—Giuseppe Mazzini (1805–1872)
“Man is endogenous, and education is his unfolding. The aid we have from others is mechanical, compared with the discoveries of nature in us. What is thus learned is delightful in the doing, and the effect remains.”
—Ralph Waldo Emerson (1803–1882)
“We know what happens to people who stay in the middle of the road. They get run over.”
—Aneurin Bevan (1897–1960)
“The first requisite of a good citizen in this republic of ours is that he shall be able and willing to pull his weight.”
—Theodore Roosevelt (1858–1919)
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)